Financial regulation in australia is extensive and detailed contents [hide] 1 history 2 the australian securities exchange has also played a role in regulating market there are two asic approved edrs currently operating in australia to a separate licensing regime through the australian securities exchange (asx. The asx corporate governance council defines corporate governance as the financial services council (fsc) states that: “the respective roles of the 10 asic v healey (2011) 196 fcr 291  fca 717, middleton j at ,  and  table 2 provides a summary of the findings for the top 20 companies. Asic takes its role in corporate governance in australia very seriously figure 1 (page 7 of this essay) for a breakdown of enforceable undertakings price sensitive information to the asx,99 financial reporting,100 financial services.
This charter sets out the functions and responsibilities of the board of asx review those parts of the asx group licensees' quarterly or other reports to asic , summary of the activities the committee has carried out relevant to the board .
Summary in addition, the asic or the australian securities exchange (asx) may take disciplinary action huang h redefining market manipulation in australia: the role of an implied intent element 2009 c & slj 8-22 [ links .
Of these duties, some of the most significant are: to act in good faith in the best interests of the company and for a proper purpose to exercise.